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A wild, crazy and luxurious party with the elite.
The Palooza last night was sick!
Palooza by Eugenefrance March 14, 2022

-palooza 

Suffix, added to almost any word or term, such as "fun-a-palooza" or "drink-a-palooza".
This gathering of friends is going to turn into a drink-a-palooza.
-palooza by 5by5 July 15, 2005

palooza day 

A day that doesn't feel like any certain day of the week.
Kelly: "It doesn't feel like Friday."
Samantha: "It doesn't feel like any day."
Kelly: "Today's a palooza day."

Pussy Palooza 

When somebody smashes a large amout of pussy for a long period of time.
Dude this summer, we are going to have a all out pussy palooza.

Duck Island Palooza 

The hottest ocean party that happens each summer off the coast of Westbrook, Connecticut at Duck Island. Absolute craziness, hundreds of boats raft up to each other and the girls are sexy. If you aren't there, you're missing out. Basically, it's just a reason for everybody to get hammered.

Go to YouTube and type in Duck Island Palooza to check out the videos!
"I got so dipped at Duck Island Palooza last summer...I couldn't even drive my boat home."
"I hooked up with so many girls at DIP this year...safe to say I got DIPPED!"

Mayo palooza 

When a bunch of shitty white dudes descend on a party and completely fuck up the dude/chick ratio.
Bro, that topless pool party was a nasty good time until those lames turned it into a mayo palooza.
Mayo palooza by Ranchgirls November 9, 2020